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AUD/CHF Possible Short Position? Disclaimer: Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :). Daily Analysis My analysis on this pair is very similar to the one that I had already done for AUD/NZD if you want a more detailed analysis of the pair look at my most last post for that. Anyways, I still see a very bearish sentiment on most of the AUD pairs, and this one is no different. Price was in a downtrend in the prior months before falling in a range as marked up on my charts, price is at the top of this range now after it had tried to break out to the highs. Price was rejected at this attempt of making a push to the higher highs but was shot down, now price is rejecting recent highs created last week, in my eyes it is ready to fall. We are now waiting on a confirmation for this trade before entering on the one hour chart provided down below. Hourly Analysis Price almost seems like it is creating a possible micro downtrend on this hourly chart, but keeps having a hard time breaking these lows shown on the chart. I am now waiting on a close below these lows further confirming that the price is possible to break these lower lows. With a candle closing bearish below these lows I will enter this trade with one percent of my total capital at risk, a simple consistent risk management percent will really help from not blowing an account. This trade will potentially be a 1:5 Risk to Reward Ratio, if we can get a move like this it can really make our entire month. I am really trying to just build my account at a slow an constant rate and just to really put my money to work in a controlled fashion. Anyways, remember if you are going to be taking any of the two trades from my analysis it is at your own risk but remember since these two pairs conflict with one another very easily you might want to lower your risk for each individual trade. Let's say you want to risk a total of one percent but you are taking two AUD trades, you would want to risk half a percent on both trades to mitigate your risk and keep your losses under control. I hope everyone has a good and safe trading week, I wish all the best to you. Thanks again, KeySlot
Short
by KeySlot
Are the Bulls Back in Town? Or are we in Bear-ritory?Please give me your feedback especially if you are experienced. I am new to TA and I'm still learning to correctly identify patterns and make realistic projections. === This looks to me like natural consolidation around the 0.618 fib level (from local move) & 2.618 level (from 2018 fib targets) The recent smaller bull run looks to me like a 1-2-3-4-5 elliott wave I projected an A-B-C elliott correction wave based on the Fifty Percent Principle - take back half the move in half the time I think we will see slightly more than half the move because of usual crypto volatility Over the next week or so i'm bullish to lower high around 50k After that, bearish and looking for a higher low and entry point around 40k
BITSTAMP:BTCUSD
by zootsuit9
4
Another Amateur WorkEveryday i doubt myself but the day after i realize that i've learned something even if i'm wrong. because mistakes are the best way to learn something. I put something new with combination of "amateur" level of Gann + Price Action. I was expecting bears to put the price down but not this much. Though when i checked the daily Gann, i saw the logic. There is A LOT to learn. It is so interesting how these geometrical movements are also built on psychology of humans. i still wonder and research about the connection of these two... Cheers.
by oguznt
The 2 Types of Trading Mindsets!Hello Traders! Here I have identified the 2 different mindsets you can having when trading forex, crypto, indices and stocks. These are the challenges I have had to face in my trading career to become as profitable as I am today! The main reasons for failing to make profit while trading is because of the 99% mindset most people have. Many reasons for failing to take good trades are due to the impatience and the lack of discipline within yourself. One key issue I have learned over my trading career is a trading plan in critical! Failure to prepare = Preparing to fail. With a solid trading plan you will never feel emotional or lack of confidence when taking a trade as you will have strict rules you always follow. Removing this emotional fear of loosing money or failing to reach you take profit will help you out win the long term as you never feel that pressure and is one of the biggest reasons a trader fails to trade and sustain consistent profit. The 1% mindset is the prime mindset you want to have and sustain while trading. Manging you mind and following strict rules is how people become millionaires from trading. Rather than being reactive to the market conditions be proactive and be prepared for any scenario! Thanks for taking the time to expand your knowledge! Check out my other ideas below!
OANDA:XAUUSDEducation
by Pips-Collector
2
MATIC/USDTMATIC/BTC MATIC/BTC has discovered solid help at $1.44 Since the May crash Matic has been on a slow descending pattern from the top at $2.85 and reached as far down as possible at $0.64. Presently Matic/btc is exchanging at $1.47 and if Matic can flip this vital obstruction over the 38.20% Triangle level into help above $1.77, Matic looks ready for a major move (95% back to ATH ) from this help zone . 185% Gain to the 161.80% Triangle target at $4.22. See past examination beneath. Cheerful Trading :) MATIC/BTC Script Buy Signal set off EMA Crossover SMA Confirms the Bottom and Reversal in Price back to May Highs close to the ATH (145% Gain). See past investigation beneath. Glad Trading :) Polygon (Matic) has discovered solid help @ $1. Since the May crash Matic has been on a lethargic descending pattern from the top @ $2.85 and the base at $0.64, as of now Matic is exchanging at $1.04. Matic looks ready for a major move (175% back to ATH ) from this help zone . Glad Trading
M
by DeclanBrock
4
Learning Parallel Channel TrapsSometimes we can get so caught up in the fear of missing out on the breakout that we forget it could be a trap. It is always crucial to listen to your intuition when you see these easy setups because more often than not they are more complex than they seem. In this example, a breakout occurred and buyers put stops below the last structure, a few days later this structure got raided for liquidity. Once the liquidity was gathered we began to see the true move to the upside. Do you see this often in the markets?
Education
by AlkalineFX
2
Setup like a professional for btc tradingHow to setup like a professional to trade anything, but especially btc. There is an aspect I left out, as its reserved for a select few that I teach. Hope this helps you! I also want to add. the indicators used aren't very useful. It is better to use Stoch and RSI in my experience. MacD, although widely used I've found not very useful either. Wait, I know what any pro's looking at the chart are thinking. That Fib setup doesn't make sense. Well, it's not taught in schools to my knowledge :D
BITSTAMP:BTCUSD
by micdot7
18
HOW TO BE THE 1% 🤔💫🤩 Our culture is obsessed with the rich, famous, and successful people, yet what is left behind is both the hard work and sacrifices of those who «made it» And millions of those who failed miserably en route to fame and became nothing. There are multiple theories on and philosophical systems, that reflect on success, but ill bring out the key points:🔑 ➡️ Genetics, upbringing, and connections determine 70% of the outcome. Oh yes, as much as we don’t like to think about it, it is genetics that determines our capacity for sports, singing, our intelligence, speed of reaction, etc. For example, musical talent is determined by the specific structures in the brain, and some people have those from birth, and some people do not. These structures might differ by a factor of 10.000 from person to person, even though the brain size would be the same. So you might spend 20 years in musical training and be good, but you will never be a Mozart without those structures in your brain. Training and upbringing, In turn, affect whether you will be able to use these Brain structures, as well as the society in which you were born, determines if your talents will be useful or not. One might be born a genius mathematician, but if he did not get good training, or if he was born in the dark ages, his talent would have been wasted. One's family and social circle affect which connections will the person have in adult life , and it is for better or worse but cronyism and nepotism as still widespread, And the connected ones, even without being super bright, usually outdo those that aren’t. ➡️ Pareto 20/80 Rule, or risky business VS the safe one. Almost everything in life follows the Pareto Rule, which says that 20% of your effort brings you 80% of the result. There is another interpretation too: 20% of people will have 80% of all success in the given industry. This rule applies best and in its extremes to the high-end risky businesses with ultra-high failure rates paired with the ultra-high payoff. These industries are Acting, Music, Sports, and Trading! As you can see, in acting, which is the extreme case, 1% of the actors make 80% of the Income generated by the industry. The same goes for music and sports where the select few make the big buck, and those that aspired but failed, barely make a living. Compare this to being an engineer or a doctor. The failure rate is much lower, which lowers the risk of entering the profession, but the highest potential income is lower too! This applies to Trading too, as once you’ve learned how to be consistently profitable, the sky is the limit. There is no difference in the cost of labor or time spent on making a trade with the risk of 100$ and making a trade with the risk of 100.000$ Of course, at some point, your trades will get so big, that YOU will start moving the market trying to enter the trade, but that’s a story for another day. ➡️ Your power of will, determination, patience, and readiness for sacrifice. Trading is a unique industry, where ANYONE can succeed , without needing a diploma, connections, or looks. In essence, trading at its core is about pattern recognition . You discover a pattern, learn to find it on the chart, and then find a way to use this knowledge to extract monetary gains by playing this pattern with the probability being on your side. That's it. That easy. Then why is it, that 99.9% of those who try trading, ultimately fail? In my years of trading, I’ve noticed a pattern: 💡 A - GET RICH FAST attitude B - Do not spend time educating themselves C - Do not treat Trading like a business D - Lack of Patience E - Can not follow rules ⚠️ People think that forex is a Magic Money Tree, just stretch forth your hand, and you will drown in gold … In reality, however, learning to trade will take YEARS , will cost you a fortune and no one will guarantee you success. HERE IS MY ADVICE TO THE NEW TRADERS: 🤓 🎯 HAVE THE RIGHT MINDSET 1)Prepare for failure, disappointment, and tears 2)Realize that you will train for YEARS 3)Learn to fight and not to give up 🎯 GET GOOD HABITS: 1) We ARE our habits , so recognize what is good for you, and make it a habit 2)Staying in good health is underestimated, while in reality, your physical condition has a direct effect on your mind. 3) Work on your mistakes. You will never learn If you do not access your previous work critically. 4) Make a plan for a week , then break it into daily tasks. Do it for a month and that will become a habit. 🎯 MANAGE YOUR FINANCES WELL 1) Learning to trade is expensive and time-consuming, so make sure you have an income. 2) Learn basic financial literacy and spend less than you make. Easy right? But if you lose an account that cushion will help. 3) Do NOT quit your job the moment you became profitable. This sounds obvious, but the market will test you multiple times, and unless you’ve got enough savings to last for 1 YEAR without working, ditching a stable source of income will not only make you vulnerable but will also affect you mentally which will negatively affect your trading. 📈 FOLLOW these steps and you will increase your chances of success in trading by a factor of 10! PLEASE LIKE AND COMMENT TO GIVE ME A BOOST!
Education
by SignalProvider
14
DOGEUSDTSo DOGE has been following Bitcoin recently, I think it's joining the main crypto pattern like LTC and ETH. Use this as your trade setup, The supplier areas can hold the price up and the resistance is not hodling for long and we're gonna have to retest it soon, so I guess it's a good time for high trade with stop lost. I'll keep this chart updated. -Use risk management and be ready for all scenarios -Don't forget likes and follow for more ideas and signals -Best of wishes ✔🙏
by DeclanBrock
10
BTC/USDIn case the bulls can close the weekly bar above 38.4k, there would be a decent chance to see 42k again this weeks. I'm looking at the current major support as a good entry point this period for BTC , only to resume the bullish move after that. In a period of days BTC is currently +11.92% increase in value without any correction in between. and this is very healthy for the trend 🚀. -Use risk management and be ready for all scenarios -Don't forget likes and follow for more ideas and signals -Best of wishes ❤️
Long
by DeclanBrock
10
The RSI explained ! how to identify buy and sell signals Hello everyone , as we all know the market action discounts everything :) I have created this short video to explain what is the RSI and how to use it to identify buy and sell signals with this oscillator , everything you need to know about this indicator is right here. Its been around since the late 70s so its probably one of the more established oscillators out there . So lets check out the formula and how the RSI works : RS=100 -100/1-RS RS (relative strength) average X day up / average X day down So simply lets say we are using a 10 days average so we check how many days the price closed up and we add them and we divide by 10 which would give us the average X days up. And we do the same for the average X days down but we calculate how many days the price closed down and then we add them and divide by 10 ,And after all of that has been calculated we will always get a value between 0% and 100% And that's why the RSI is considered a bounded oscillator it means that the value will always be between 0 % and 100% The oscillator has 2 major zones which are the overbought and oversold zones. Anything above 70% is considered overbought and anything below 30% the market considered oversold . So when the market reaches overbought zone it tells us that the market has gone up to far and its due a bounce back down , and the same when it reaches oversold zone it means that the market has gone to far down and its due a bounce back up. So looking to buy or sell when the market reaches oversold and overbought is one strategy . But because the market moves a lot and reaches these levels so much this way is not as reliable that much , the better way to use the RSI is to check if it has a divergence with the market price. what is a divergence you may ask !!! A Divergence is when the price of the market is moving in the opposite direction of a technical indicator, such as an oscillator, Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. These signals of divergences doesn’t happen that often but they do give us a better way to use the RSI . And there is it that’s everything you need to know about the RSI and how it works it’s a really simple oscillator and its one of the most popular oscillators used by technical analysts. _____________________________________________Make sure to Follow, Like & comment for more content_____________________________________________ If you have any questions please ask Thank you for reading & watching .
Education
by GabiDahduh
1
$BOXL learning tech company analysis *This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* This weekend my team dived into tech company $BOXL to see whether or not it deserves a spot among our other premium stock portfolio holdings. $BOXL focuses on the education and learning industry to which they offer services that enable teachers to successfully enhance student performance. After correcting from its 52-week high of $4.65 $BOXL now sits at just $2.59 per share. My team is proceeding with caution. We still have yet to enter, but we like $BOXL a lot. We will be placing a buy limit at $2.30 Monday morning 6/28/21. There is possibility that we may miss out if $BOXL decides to take off from current price levels...but with ample money making opportunities in the market my team still eats either way. BUY LIMIT: $2.30 TAKE PROFIT: $4.00 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:BOXLLong
by SimplyShowMeTheMoney
Everything about the Stochastic oscillator !!!!Hello everyone , as we all know the market action discounts everything :) A lot of people asked me about the Stochastic oscillator so i prepared this video for you guys explaining it please enjoy . or if you prefer to reading : First thing you need to know is that the stochastic oscillator is a momentum index just like the RSI it looks at the price momentum. A DR.George Lane developed it in the 1950s. So let us talk about the stochastic oscillator now it has 2 lines %K (blue color) and %D (Red color) this is how we use it : 1_ the Stochastic oscillator indicates overbought and oversold state of the market cuz the stochastic is a bounded indicator that means its bounded between 0 and 100 range ( above 80 overbought , bellow 20 oversold ) 2_we use it to identify buy and sell signals using crossovers: • If %K crosses below %D then it’s a sell signal • If %k crosses above %D then it’s a buy signal 3_Divergance between the price and the Oscillator We have 2 types of the Stochastic Oscillator: Fast and slow The difference between the Fast and Slow stochastic is: 1. The Fast stochastic is more sensitive than the Slow stochastic ( the most common problem for oscillators is the number of false signals that they give so the Slow stochastic tries to solve that problem ) 2. Slow stochastic smooths out the %K line by averaging over (d) period so let me make it simple the %K line in the Slow Stochastic is like the %D in the fast stochastic Now let us talk about the Formula %K=100. (C-Ln/Hn-Ln) Where C is the current closing price Ln is low in (n) period Hn is high in (n) period (n) Is the number of period and the default value for (n) is 15 Now the %D is calculated like this %D=average %K/ (d) period (d) Is the number for period and the default value for (d) is 3 Make sure to Follow and Like for more content If you have any questions please ask Thank you for reading & watching .
XETR:DAXEducation
by GabiDahduh
4
how to predict wavelength from the chart (BNB USDT )fırst up wave made 23% and the down wave moved 16% second up wave moved 15% and the down wave 10.4% from these numbers we found a pattern 1- 16/23 = 69% 2- 10.4/15 = 69% 3- 15/23 = 65% 4- 10.4/16 = 65% 5- 15*65% = 9.75% 6- 10.4*65% = 6.76% 7- 6.76/9.75 = 69% from these numbers we fıgure out from first up wave and down wave as u noted the length of down wave is 69% and the second up and down trend was 69% , and the second up and down waves equal 65% first up and down waves so we can predict next up wave and down wave next up wave 9% down wave 6.76%
BINANCE:BNBUSD.P
by Ahmed-Hamid
KEY metrics PART 1: Does your strategy has Positive Expectancy?Does your strategy has Positive Expectancy? The main idea of this post is to show that despite your trading style, the instruments you use to trade, the assets you think are better, your timeframe, etc... Profitability is about a positive result after adding all your losses and winning setups after a certain period of time. That is positive expectancy. So, it's important to visualize this and ask yourself, Does my strategy has positive expectancy? Let's take this example as a template, and then you can use it to evaluate your system. If we have an initial Capital of 5000USD and we are risking 50 USD per trade (you risk 1% of your capital per trade), let see what happens after a year of executing this strategy that we will call "The Stock Strategy." The most important metrics you want to take a look at in your strategy are: -How much money I lose on average on the losing setups? -How much money I win on average with my winning setups? If you divide these two results: Average Win / Average loss, you will have your Average Risk Reward Ratio. This is VERY RELEVANT! This metric is telling you that, on average, you make 2 times what you risk when you are winning. However, this metric by itself is useless; you need to ask how many times you are right after X amount of setups "in this case, we have 24 setups," and we can see that we are right 50% of the time. Now we can check if your strategy has a positive expectancy: (Amount of Winning Trades * Average Risk Reward Ratio) - (Amount of losing trades * 1( that's 1% of your capital you are risking = FINAL RETURN. In this case, we have a final return of 12% after a year on the Stock Strategy where we can conclude that we have a positive expectancy and its worth of trading. Once you have more experience and confidence with your strategy, you can optimize the average risk to 2%; for example, you will have a final return of 24% at the end of the year. It's important to know that professional traders don't have one strategy; they have multiple strategies that tend to be independent, so, if you can develop 3 strategies, each of them with a positive expectancy (50% win rate, and average risk-reward ratio of 2) risking 1% of your capital per strategy, you can aim to a solid 36% per year. Another key Metric to better understand your strategy is DrawDowns, but we will develop this in PART 2 of Key Metrics. Thanks for reading! of course, there is much more to speak about this, but the idea was to make a simple introductory post on these two metrics that we consider extremely relevant.
NASDAQ:AMZNEducation
by ThinkingAntsOk
1